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TonyTax
TonyTax, Tax Consultant
Category: Tax
Satisfied Customers: 15956
Experience:  Inc Tax, CGT, Corp Tax, IHT, VAT.
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Bought and sold a piece of land, would that by any chance full

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bought and sold a piece of land, would that by any chance full under entrepreneurial relief?
thanks
Hi.

Can you tell me to what use the land was put during your ownership of it please.
Customer: replied 2 years ago.

land was empty.

client managed to get planning permission to put a house on it.

Thanks.

As the land was never used as a business asset, entrepreneurs' relief will not be available I'm afraid. Take a look here for the detailed criteria that have to be met for ER to apply.

I hope this clarifies things for you but let me know if you have any further questions.
TonyTax and other Tax Specialists are ready to help you
Hi again.
It's been a few days since I answered your question. Is there anything you need further clarification on?